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Home
InvestmentsIPOHighness Microelectronics IPO

Highness Microelectronics IPO

SME

Open Date

24 Mar 2026

Close Date

27 Mar 2026

Min Investment

₹ 2,88,000

Lot Size

1,200

Issue Size

₹ 21.67 Cr

Price Range

₹ 114 - ₹ 120

Subscribed

184.97 x
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
24 Mar 2026
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IPO Offer Ends
27 Mar 2026
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Allotment Finalisation
30 Mar 2026
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Refund Initialisation
1 Apr 2026
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Non-Institutional Buyers (sHNI)
1 Apr 2026
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Listing of Shares
2 Apr 2026
IPO Subscription Details as on 28 Mar 2026, 10:09 PM
Qualified Instituational Buyers (QiB)
81.95 x
Retail
169.01 x
Total
184.97 x
Non-Institutional Buyer (bHNI)
435.35 x
Non-Institutional Buyer (sHNI)
203.19 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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Financials of Highness Microelectronics IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue9.6710.7414.07
Other Income0.230.290.10
Total Income
9.9010.9914.17
Total Expenses
9.277.8310.90
Profit Before Tax0.643.163.27
Total Profit
0.442.392.52

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to establish a new COG (Chip on Glass) and FOG (Film on Glass) assembly line to manufacture Open-Cell modules in-house, which are currently imported. This initiative represents a key part of the company's backward integration strategy and marks a significant move toward the localization of display module manufacturing.5
The company intends to utilize funds for sourcing raw materials, maintaining adequate inventory levels, preparing the new assembly line for operations, making supplier advances, and managing receivables. This will support the company's expansion and transition into backward integration while ensuring uninterrupted business continuity.7
The company proposes to utilize funds towards full or partial repayment or pre-payment of borrowings availed from various lenders. The company believes this will help reduce outstanding indebtedness, debt servicing costs, and enable utilization of internal accruals for further investment towards business growth and expansion.2
The company intends to deploy funds for general corporate purposes including strategic initiatives, strengthening marketing network and capability, meeting exigencies, and brand building exercises in order to strengthen operations. The utilization shall not exceed 15% of the offer proceeds or Rs. 10 crore whichever is lower.-
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  • Quality Standards and ISO certified organization: The company is ISO 13485:2016 and ISO 9001:2015 certified by British Standards Certification and Inspection Council (BSCIC) for manufacturing products. All products undergo quality and test checks in accordance with established Standard Operating Procedures (SOPs), ensuring they meet standards and guarantee customer satisfaction.
  • Customization Expertise: The company provides custom products based on specific needs and technical requirements of Original Equipment Manufacturer (OEM) customers. The company works closely with them to deliver solutions that match each project's requirements.
  • Key customers base: The company has built a strong reputation which has played a key role in retaining valued clients. Ongoing relationships with existing customers foster repeat business and serve as a competitive advantage in attracting new clients and expanding reach.
  • Weather-Resistant Display Solutions: The company has developed durable products designed to perform in demanding environments. Products are designed to withstand harsh conditions, including displays and controllers built to endure heavy vibrations, extreme temperatures, and rainy environments.

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